Results · Financial Services

PB Fintech Q4 profit jumps 54% to ₹261 crore

What they do

PB Fintech runs Policybazaar and Paisabazaar, India's largest online insurance and lending marketplace

Q4 FY26 net profit rose 54% YoY to ₹261 Cr; FY26 revenue grew 37% to ₹6,794 Cr

FY26 profit margin hit 10%, up from 6%, as new initiatives narrowed losses and UAE turned profitable

PB Fintech reported Q4 FY26 operating revenue of ₹2,061 Cr, up 37% year-on-year.
Q4 net profit came in at ₹261.2 Cr, up 54% from ₹169.7 Cr a year ago.
For full FY26, revenue reached ₹6,794 Cr, up 37% from ₹4,977 Cr in FY25.
FY26 net profit (excluding exceptional items) was ₹670 Cr, up 115% year-on-year.
FY26 total insurance premium rose 42% to ₹29,934 Cr; protection premiums grew 57%.
FY26 lending disbursals hit ₹30,740 Cr, up 50%; core online lending fell 20% after a Q1 reboot.
Q4 adjusted EBITDA was ₹280 Cr, up 89%; reported EBITDA was ₹218 Cr, up 95%.
The UAE business turned profitable for the first time in FY26, with premiums up 54%.

PB Fintech's profit margin expanded from 6% to 10% in FY26, showing operating leverage.
New initiatives (PB Partners, PB for Business, UAE) improved adjusted EBITDA margin from -9% to -4%.
Renewal and trail revenue grew 40% in FY26, providing a growing recurring base.
The company's market cap stood at ₹78,797 Cr (about $8.3 billion) on results day.

PB Fintech is the parent of Policybazaar (insurance marketplace) and Paisabazaar (credit and credit scores).
Policybazaar launched in 2008; Paisabazaar launched in 2014.
It follows an asset-light model: it does not underwrite insurance or retain credit risk.
In fiscal 2020, Policybazaar held 93.4% market share of digital insurance policies sold in India.
PB Partners has over 4.5 lakh advisors across 19,000 pin codes, covering 99% of India.
New initiatives include PB Partners, PB for Business, UAE operations, and PB Connect.
As of June 2026, it had sold 71.6 million insurance policies and served 60.6 million credit score customers.